The platform houses content from some two million creators.
OnlyFans, the platform where erotic photos and videos can be shared for a fee, announced Wednesday that it had reversed its decision to ban sexually explicit content.
“We have obtained the necessary guarantees to support our diverse community of creators and we have suspended the policy change planned for October 1,” the company announced on its Twitter account.
The company had justified the unexpected decision to threats from the main banks to cut ties with the company, fearing that its reputation would be damaged.
Founded in 2016, OnlyFans ensures that it has 150 million users worldwide, and that its clientele grows at the rate of half a million per day.
The platform houses content from some two million creators, including rapper Cardi B and boxer Floyd Mayweather, as well as porn stars and people looking to earn extra money.
By announcing last week that it planned to ban explicit content, OnlyFans caused surprise, as pornography has been one of the major factors in the platform’s explosion in popularity during the pandemic.
Scarlett Woodford, an analyst at Juniper Research who this week published a study on the future of the adult entertainment industry, described the announcement to ban pornography as “a risky decision for OnlyFans, considering the revenue generated by the protagonists of adult videos ”.
“Credit card companies and financial institutions consider adult content a high-risk industry,” Woodford explained.
Customers often reply to payments, claiming they accidentally gave authorization. (I)
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